Buxton Resources (ASX:BUX) said that anode manufacturer BTR New Material Group qualified ore from the Graphite Bull project in Western Australia for their entire ore-to-anode production process, according to a Thursday Australian bourse filing.
Buxton supplied sample material, including ore and flake concentrates, to the firm for test work. The test work found that batteries fabricated using coated purified spheronized graphite sourced from the project met BTR's customer requirements.
Its shares fell 4% in recent trading on Thursday,